#BigTechStablecoin

what is big tech stable coin ??

🔹 Stablecoins are cryptocurrencies pegged to stable assets like the U.S. dollar to minimize volatility.

🔹 Big Tech firms have shown increasing interest in stablecoins to power digital payments and global finance.

🔹 In 2019, Meta (formerly Facebook) announced Libra, a stablecoin project, later renamed Diem, but it was abandoned in 2022 due to regulatory pushback.

🔹 PayPal launched its own USD-backed stablecoin, PYUSD, in 2023, issued by Paxos Trust Company.

🔹 Apple and Google haven't launched stablecoins but integrate crypto payments via third-party apps and wallets.

🔹 Amazon reportedly explored tokenized payments for internal use but has made no official stablecoin announcement.

🔹 Regulatory bodies like the SEC and Treasury are cautious about Big Tech issuing currency-like digital assets.

🔹 The entry of Big Tech into stablecoins raises concerns about data privacy, financial control, and global monetary policy.